The property is an industrial leasehold property located within the Governmental Industrial Area of Aradippou, Larnaca. It is located southeast of the Kalo Chorio round-about, providing great connection to the main highways to Nicosia and Limassol, while Larnaca International Airport is only 7 min away. The warehouse is currently vacant.
The leasehold agreement with reg. no. L135 has a duration of 33 years, starting from 1st of February 2008 with the right of renewal for two additional periods of 33 years each. The annual ground rent is €8K.
The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.
Features
Land Registry
District:Larnaca
Municipality / Community:Aradippou Municipality
Reg.No:0/6342
Sheet:50/06W1
Block:31
Parcel:375
Zone:Ββ1
VAT:Yes
Areas
Total Covered Area:1,680m²
Further Features
Town Planning
Building Density:100%
Coverage Ratio:60%
Max Floors:2
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